A proposed settlement has been reached in the multi-district consumer litigation Target faces following a data breach that compromised at least 40 million credit cards during the 2013 holiday shopping season. The settlement, which requires Target to pay $10 million into a settlement fund and adopt specific data security measures, still needs court approval.

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On the one-year anniversary of Target’s announcement that it had suffered a massive data breach, Judge Magnuson in the District of Minnesota cleared the way for a consumer class action against the retailer to move forward into discovery. Earlier this month, the court ruled that the financial institution class actions can also proceed.

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